How Facebook stole the news business | TechCrunch

Isn’t it ironic that I was reading this first on Facebook? Don’t you think?

Big news outlets stupidly sold their soul to Facebook. Desperate for the referral traffic Facebook dangled, they spent the past few years jumping through its hoops only to be cut out of the equation. Now Facebook is pushing into local news. Facebook only continues to dominate because its users don’t leave.


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